https://www.taxtmi.com/caselaws?id=57090 The Tribunal concluded that the fair market value of the property did not exceed the stated consideration of Rs. 25,000, considering the Rent Restriction Act and non-delivery of unobstructed possession. The acquisition proceedings initiated by the Competent Authority were deemed flawed, and objections raised by the transferor and transferee were upheld. The Tribunal allowed both appeals, affirming that the consideration was accurately stated in the sale deed, with no intent to evade tax liability. en-us Tue, 23 Nov 1976 00:00:00 +0530 Wed, 08 Dec 2010 14:25:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57090 The Tribunal concluded that the fair market value of the property did not exceed the stated consideration of Rs. 25,000, considering the Rent Restriction Act and non-delivery of unobstructed possession. The acquisition proceedings initiated by the Competent Authority were deemed flawed, and objections raised by the transferor and transferee were upheld. The Tribunal allowed both appeals, affirming that the consideration was accurately stated in the sale deed, with no intent to evade tax liability. Case-Laws Income Tax Tue, 23 Nov 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57090